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  #151 (permalink)   Spam Kill
Old 01-11-2007, 07:03 PM
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Quote:
Originally Posted by faithcounts
Hey Guys...hows everyone been, its been a long time. I had to get out of trading for a while as my life began to go downhill very very fast...but here I am still standing and I'm ready to get back in the game. So i'd like to join the $500.00 challenge...but I have a couple of questions. What are you basing your picks on orange...scans, momo, what exactly, i'd like to do this right for once, because I've nearly lost it all and I plan on learning from my mistakes for once.
faith!! good to see ya!!
i'm basically using it all. whatever works. for me, only thing OFF the table is pinks. so far i've hit 1 otcbb and 1 nazz. maybe next week: roachbelly puts.

i'm trying to stick to daytrades for enhanced frequency, so momo and 3-min charts are main thing for me now. i look the night before, of course, to see what might happen. sorry to hear abt crash and burn. so come on in with just the $500 this time. glad you're back!!
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  #152 (permalink)   Spam Kill
Old 01-11-2007, 07:26 PM
TNTrader TNTrader is offline
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Quote:
Originally Posted by proclivity
we all want to be green by EOD, but tripling by holding for a day. How sweet would that be. The only problem with this is that no one is going all in when they have a total of $10k from said "experiment" thus far. Seems like an accelerating deceleration of funds multiplying. This doesn't mean we won't get to say $50k, but then again it is only ten percent and there are at least 5 stocks on this board daily that run 10% and are liquid enough to get in and get out.

At $100k, putting up $1k for a stock would require that you hit ten baggers to sustain the 10% increase from $100k. An absolutely ludacris to think someone would, or even could do that. Putting up $10k, "only" a double bagger is needed. All $100k, .....well, you get the idea.

Lets put our heads together and think of something for an excel equation that would let us keep a certain "percentage" of our account value non-trading cash as we increase our capital. We can also increase our percentage non-trading capital as our account grows hypothetically grows to 100k, 150k, 250k etc.

Ideas?


If i do very well, when i finally start this, like 100%+....i think i will take the rest of the week off. I'd be to excited and i'd probably screw something up.

At $10k plus per trade I would suggest basket trading(if your service supports it) or ETF's. Sector biased and regional ETF's can give you 3 and 4% swings and were only shooting for 10% a week so moving only twice gets you 6% to 8% with little risk. The balance can be gotten from options or large caps with minimal risk. Keeping a small percentage at work in the pennies will also help maintain the goal with a relatively small amount of capital at the higher risk.

Good Luck
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  #153 (permalink)   Spam Kill
Old 01-11-2007, 07:34 PM
Xeller8 Xeller8 is offline
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This really looks interesting and I thought about trying it but damn it looks like a LOT of work and I can't be at the computer enough to stay on top of it..

Guess I'll just live vicariously through YOU guys...LOL!

Good luck!
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  #154 (permalink)   Spam Kill
Old 01-11-2007, 07:50 PM
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Quote:
Originally Posted by Xeller8
This really looks interesting and I thought about trying it but damn it looks like a LOT of work and I can't be at the computer enough to stay on top of it..
Guess I'll just live vicariously through YOU guys...LOL!
Good luck!
actually, xeller, for me it's turning out to be LESS work than standard trading.
anyway, i was thinking abt this last night then saw faithcounts' post today. faith- if you want me to backstop then post by midnight est. after that, the slot is open again. would be nice if some other traders stepped up to mentor- it's just short-term, then those who learn can step up, etc...

my little idea....
i'm not much as a mentor, but i can be a pretty good backstop sometimes. others here are REAL mentors. this idea could serve newbies and mentors. noobs get some mentoring, and once in awhile mentors get some good picks they didn't have to hunt for.

right now, i'm offering to backstop ONE and ONLY ONE person for the next 7 days. after that, you find another backstop or mentor if there is one. okay? i will NOT propose picks for you- DON'T ASK. i'll just share some stuff abt how i screen so you learn more abt screening. you can pm me with up to six of your "finds" over the next 7 days. this is NOT for general trading, you MUST be using it for joining at $500 or $1k in this thread ONLY. finally, neither i nor the owners of this board shall be held responsible for any losses you may experience, or for missed profits. so- if faithcounts not in by midnight, i'll take "whomever".
[LOL- it'll be tuesday and still no takers]
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  #155 (permalink)   Spam Kill
Old 01-11-2007, 08:25 PM
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grizzums grizzums is offline
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Man...Im a slacker...Ive been trading and actually had a decent first couple weeks of 07 but I havent officialy joined this experiemnt as I said i was going to...

Mainly cause I have been planning on transferring some funds over to lowtrades first....but again, procrastination....

Anyway - not going to count anything towards this experiment until I do it OFFICIALLY...lol Okay - Ill try and get on and sign up for a lowtrades account tonight....I swear...lol

EDIT: Sheesh....just popped onto lowtrades and I see that in order to open an account, i have to download app and send it in via snail mail..... so it looks like I may not be up and running until next week....
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Last edited by grizzums : 01-11-2007 at 08:30 PM.
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  #156 (permalink)   Spam Kill
Old 01-11-2007, 08:46 PM
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hmmm- grizz, i was thinking they had online app (says "Coming Soon"). *sigh*. also somebody asked abt IRA's- i see you can do that too.
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  #157 (permalink)   Spam Kill
Old 01-11-2007, 11:22 PM
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bought scll 6250@.16= 1000.00
sold 6250@.1765= 1103.00-20.00=1083.00
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  #158 (permalink)   Spam Kill
Old 01-12-2007, 12:01 AM
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Quote:
Originally Posted by taterbug23
bought scll 6250@.16= 1000.00
sold 6250@.1765= 1103.00-20.00=1083.00
congrats, tater!! wtg!
it'll add up fast! i'm looking at time and sales- looks like bit of drama getting out today LOL
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Last edited by orange : 01-12-2007 at 12:16 AM.
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  #159 (permalink)   Spam Kill
Old 01-12-2007, 12:38 AM
TNTrader TNTrader is offline
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Quote:
Originally Posted by taterbug23
bought scll 6250@.16= 1000.00
sold 6250@.1765= 1103.00-20.00=1083.00

Well done.
Get in,get your money,go home.
You have just beaten the average rate of return of a certificate of deposit for a YEAR,by double. One more like that and you will beat the annual return of the top 90% of mutual funds, in only,what? a couple days? A week?
This is how this business is done.

Good Luck
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  #160 (permalink)   Spam Kill
Old 01-12-2007, 12:43 AM
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proclivity proclivity is offline
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Quote:
Originally Posted by orange
actually, xeller, for me it's turning out to be LESS work than standard trading.
anyway, i was thinking abt this last night then saw faithcounts' post today. faith- if you want me to backstop then post by midnight est. after that, the slot is open again. would be nice if some other traders stepped up to mentor- it's just short-term, then those who learn can step up, etc...

my little idea....
i'm not much as a mentor, but i can be a pretty good backstop sometimes. others here are REAL mentors. this idea could serve newbies and mentors. noobs get some mentoring, and once in awhile mentors get some good picks they didn't have to hunt for.

right now, i'm offering to backstop ONE and ONLY ONE person for the next 7 days. after that, you find another backstop or mentor if there is one. okay? i will NOT propose picks for you- DON'T ASK. i'll just share some stuff abt how i screen so you learn more abt screening. you can pm me with up to six of your "finds" over the next 7 days. this is NOT for general trading, you MUST be using it for joining at $500 or $1k in this thread ONLY. finally, neither i nor the owners of this board shall be held responsible for any losses you may experience, or for missed profits. so- if faithcounts not in by midnight, i'll take "whomever".
[LOL- it'll be tuesday and still no takers]
I will backstop the next in line.

PM me.
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  #161 (permalink)   Spam Kill
Old 01-12-2007, 01:02 AM
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proclivity proclivity is offline
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Quote:
Originally Posted by TNTrader
Well done.
Get in,get your money,go home.
You have just beaten the average rate of return of a certificate of deposit for a YEAR,by double. One more like that and you will beat the annual return of the top 90% of mutual funds, in only,what? a couple days? A week?
This is how this business is done.

Good Luck

i like this guy.


He is one motivating mother****er.
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  #162 (permalink)   Spam Kill
Old 01-12-2007, 01:28 AM
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Quote:
Originally Posted by proclivity
I will backstop the next in line.

PM me.
i'm available now too. second up. post here or pm me.

LOL- yeah, TNT does kinda tell it like it is.
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Last edited by orange : 01-12-2007 at 01:59 AM.
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  #163 (permalink)   Spam Kill
Old 01-12-2007, 09:16 AM
sabre sabre is offline
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I would love to get into something like this but I have zero skills. Backstopping or mentoring might be something I could use. I am not looking for someone to tell me what to pick but how to go about finding my own picks. What to use and how to use it. Thats what I am looking for.
Good luck to you guys, seems like you are all doing well.
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  #164 (permalink)   Spam Kill
Old 01-12-2007, 12:48 PM
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Disqplay Disqplay is offline
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ok I will give this a try

I am in today 900 shares @ 1.11/share @ the open so far so good presently sitting at 1.15 so will hold for rest of day or until taken out by stop.
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  #165 (permalink)   Spam Kill
Old 01-12-2007, 06:40 PM
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Quote:
Originally Posted by Disqplay
I am in today 900 shares @ 1.11/share @ the open so far so good presently sitting at 1.15 so will hold for rest of day or until taken out by stop.
welcome, Disqplay!!
so did you get out?
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